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20110701
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as a public service. >> "washington journal" continues. host: we are back live jon hilsenrath of "the wall street journal." taking a look at this week's economic rebound, that is what the- taking a look at weak economic rebound. here is the headline from "the wall street journal" this morning, "companies bracing for the fall." guest: american companies are operating in a very uncertain environment right now. they have been disappointed by what happened in the first half and have been talking to companies over the last few days. they were expected to have a good pickup in spending in the first half of the year and it did not happen. whether or not they have cut inventories or are deciding whether or not to cut back beyond that, what they do not want is uncertainty, which is what they are getting. host: the chief at the financial times is saying that for his business, small and mid-sized companies are pulling back and are not sure. guest: right. this is largely because of the uncertainty that they face. there is a risk of financial disruption. the faults, downgrades. you never really know h
the talks by vice president biden. the majority leader represented house republicans, jon kyl for senate republicans, and that vice president. they have been talking about all lot of cuts, both to discretionary and non- discretionary spending, but there the problem is that it does not seem to add at to what they would need to meet the president's requirements to get the country through the next election. that would be somewhere in the area of $2.4 trillion increase in the debt ceiling. john boehner has made it clear that for any increase in the debt ceiling, they will not need more than a one-one increased ratio. quite frankly the democrats have not agreed to that level of cuts. it looks like they will go back today, scour potential areas of saying that they have talked about, and see how much they can agree to and go from there. agree to and go from there. host: in your article from yesterday's with the headline " boehner tells conference big deal no longer operative," you said that there were criticisms for the grand bargain. he pays -- he faced opposition from eric cantor. they presen
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